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作者：Matusik, Sharon F.; Fitza, Markus A.
作者单位：University of Colorado System; University of Colorado Boulder; Bentley University; University of Newcastle
摘要：This study contributes to the research on the effect of diversification on performance under conditions of uncertainty. More specifically, we examine diversification in the context of venture capital firms. Drawing on the knowledge and organizational learning literature, we hypothesize that firms benefit from either low levels of diversification because of efficiencies in processing knowledge or high levels of diversification because of access to broad information that facilitates solving comp...
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作者：Shinkle, George A.; Kriauciunas, Aldas P.
作者单位：Purdue University System; Purdue University; University of New South Wales Sydney
摘要：Northian institutional theory argues that firms adapt to their current institutional environments. Organizational imprinting theory argues that firms will be constrained by their founding institutional environments. We explore the combined influence of these two institutional environments on the strength of competitive aspirations using a unique dataset of firms in the shifted institutional environment of Central European transition economies. Our results indicate founding institutional enviro...
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作者：Fern, Michael J.; Cardinal, Laura B.; O'Neill, Hugh M.
作者单位：University of Houston System; University of Houston; University of North Carolina; University of North Carolina Chapel Hill
摘要：Although an entrepreneur's initial strategy choices have a critical effect on a new venture's survival, growth, and long-term performance, few studies have explored how pre-founding experience influences these choices. Founders who over rely on their historical industry experiences may simply replicate the strategies of legacy firms. In turn, little is known about how founders can break these experience-based constraints, if they exist. In an empirical analysis of 120 prospective entrants in a...
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作者：Kaul, Aseem
作者单位：University of Minnesota System; University of Minnesota Twin Cities
摘要：This paper studies the role of technological innovation as an antecedent of changes in corporate scope. It argues that technological innovations prompt the firm to reconfigure its corporate portfolioto redeploy resources to areas of new opportunity while it divests out of marginal businesses. Results from a cross-industry sample of U.S. manufacturing firms show successful innovation by a firm is followed by both expansion into new areas through complementary resource seeking acquisitions and d...
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作者：Henderson, Andrew D.; Raynor, Michael E.; Ahmed, Mumtaz
作者单位：University of Texas System; University of Texas Austin; Deloitte Touche Tohmatsu Limited; Deloitte Touche Tohmatsu Limited
摘要：Although sustained superior firm performance may arise from skillful management or other valuable, rare, and inimitable resources, it can also result from randomness. Studying U.S. companies from 1965-2008, we benchmark how long a firm must perform at a high level to be confident that it is something other than the outcome of a time-homogeneous stationary Markov chain defined on the state space of percentiles. We find (a) the number of sustained superior performers in Compustat, measured by RO...
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作者：Perryman, Alexa A.; Combs, James G.
作者单位：University of Alabama System; University of Alabama Tuscaloosa; Texas Christian University
摘要：Plural forms exist when managers use two owners to perform one activity. Franchising is a plural form explained by agency theory, however, the theory is unable to explain two franchisor actions: 1) allowing franchisees to own multiple outlets and 2) co-locating company-owned and franchised outlets. We use research that describes a symbiosis between company-owned and franchised outlets to extend agency theory and explain these actions. Our investigation of ownership patterns among 4,339 outlets...
